Calculating The Fair Value Of Capricorn Metals Ltd (ASX:CMM)
Dec 30
Have your own idea? Try our Stock Screener
Australian (ASX) Gold Industry Analysis
UpdatedFeb 03, 2026
DataAggregated Company Financials
Companies153
- 7D-8.4%
- 3M24.3%
- 1Y102.1%
- YTDn/a
Over the last 7 days, the Gold industry has dropped 8.4%, driven by Evolution Mining declining 6.6%. Meanwhile, Terra Metals actually outperformed within the industry, gaining 55% in the last week. Over the past 12 months, the industry was up 102%. As for the next few years, earnings are expected to grow by 25% per annum.
Industry Valuation and Performance
Has the Australian Gold Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 03 Feb 2026 | AU$171.3b | AU$26.3b | AU$4.6b | 28.4x | 37.6x | 6.5x |
| Thu, 01 Jan 2026 | AU$165.0b | AU$26.4b | AU$4.6b | 27.8x | 36.1x | 6.2x |
| Sat, 29 Nov 2025 | AU$153.2b | AU$26.5b | AU$4.6b | 25.2x | 33.5x | 5.8x |
| Mon, 27 Oct 2025 | AU$139.1b | AU$26.4b | AU$4.6b | 24.2x | 30.3x | 5.3x |
| Wed, 24 Sep 2025 | AU$138.4b | AU$26.9b | AU$4.8b | 19.6x | 28.7x | 5.2x |
| Fri, 22 Aug 2025 | AU$107.2b | AU$22.9b | AU$3.4b | 18.8x | 31.2x | 4.7x |
| Sun, 20 Jul 2025 | AU$98.7b | AU$22.2b | AU$3.1b | 17.2x | 31.8x | 4.4x |
| Tue, 17 Jun 2025 | AU$106.0b | AU$22.3b | AU$3.1b | 20.2x | 34.4x | 4.8x |
| Thu, 15 May 2025 | AU$94.6b | AU$22.3b | AU$3.1b | 19.5x | 30.6x | 4.2x |
| Sat, 12 Apr 2025 | AU$93.7b | AU$22.2b | AU$3.1b | 18.3x | 30.7x | 4.2x |
| Mon, 10 Mar 2025 | AU$78.3b | AU$22.1b | AU$3.0b | 18.7x | 26.4x | 3.5x |
| Wed, 05 Feb 2025 | AU$80.3b | AU$18.7b | AU$1.8b | 21.3x | 43.9x | 4.3x |
| Fri, 03 Jan 2025 | AU$69.5b | AU$18.7b | AU$1.8b | 21.7x | 37.6x | 3.7x |
| Sun, 01 Dec 2024 | AU$73.4b | AU$18.6b | AU$1.8b | 20.8x | 40.8x | 4x |
| Tue, 29 Oct 2024 | AU$78.1b | AU$18.4b | AU$1.8b | 24.4x | 43.4x | 4.2x |
| Thu, 26 Sep 2024 | AU$69.0b | AU$18.1b | AU$1.8b | 21x | 37.8x | 3.8x |
| Sat, 24 Aug 2024 | AU$65.0b | AU$17.3b | AU$1.2b | 23.8x | 52.4x | 3.7x |
| Mon, 22 Jul 2024 | AU$61.3b | AU$16.0b | AU$1.1b | 23.6x | 56.9x | 3.8x |
| Wed, 19 Jun 2024 | AU$55.5b | AU$16.9b | AU$1.2b | 18.7x | 46.9x | 3.3x |
| Fri, 17 May 2024 | AU$59.9b | AU$17.1b | AU$1.2b | 23x | 50.6x | 3.5x |
| Sun, 14 Apr 2024 | AU$60.6b | AU$17.2b | AU$1.2b | 23.4x | 50.5x | 3.5x |
| Tue, 12 Mar 2024 | AU$52.5b | AU$16.6b | AU$1.2b | 19.1x | 43.3x | 3.2x |
| Thu, 08 Feb 2024 | AU$49.2b | AU$15.3b | AU$278.8m | 23.1x | 176.4x | 3.2x |
| Sat, 06 Jan 2024 | AU$73.8b | AU$22.9b | AU$1.3b | 23.3x | 54.9x | 3.2x |
| Mon, 04 Dec 2023 | AU$75.0b | AU$22.9b | AU$1.3b | 24.3x | 55.6x | 3.3x |
| Wed, 01 Nov 2023 | AU$69.9b | AU$23.0b | AU$1.4b | 22.4x | 51.3x | 3x |
| Fri, 29 Sep 2023 | AU$65.1b | AU$22.9b | AU$1.3b | 19x | 52.1x | 2.8x |
| Sun, 27 Aug 2023 | AU$67.8b | AU$22.6b | AU$1.1b | 16.5x | 62.7x | 3x |
| Tue, 25 Jul 2023 | AU$70.6b | AU$22.2b | AU$534.9m | 17.9x | 132x | 3.2x |
| Thu, 22 Jun 2023 | AU$69.8b | AU$22.2b | AU$559.5m | 17x | 124.7x | 3.1x |
| Sat, 20 May 2023 | AU$72.2b | AU$22.3b | AU$580.2m | 18.7x | 124.5x | 3.2x |
| Mon, 17 Apr 2023 | AU$79.7b | AU$22.3b | AU$575.7m | 18.6x | 138.5x | 3.6x |
| Wed, 15 Mar 2023 | AU$64.7b | AU$22.4b | AU$637.3m | 17x | 101.6x | 2.9x |
| Fri, 10 Feb 2023 | AU$68.0b | AU$20.7b | AU$1.1b | 19.2x | 59.5x | 3.3x |
Price to Earnings Ratio
59.5x
Current Industry PE
- Investors are pessimistic on the Australian Gold industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 37.6x which is lower than its 3-year average PE of 62.1x.
- The 3-year average PS ratio of 3.9x is lower than the industry's current PS ratio of 6.5x.
Past Earnings Growth
- The earnings for companies in the Gold industry have grown 59% per year over the last three years.
- Revenues for these companies have grown 8.2% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Australian Gold compare with similar industries?
| AU Market | -1.47% | |
| Materials | -4.09% | |
| Metals and Mining | -4.03% | |
| Gold | -8.43% | |
| Copper | -0.47% | |
| Steel | -2.34% | |
| Diversified Metals and Mining | -2.35% | |
| Aluminum | -7.19% | |
| Silver | -11.06% | |
| Precious Metals and Minerals | -12.44% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| PC2 PC Gold | AU$0.68 | 30.8% +AU$43.8m | n/a | PB18.8x | |
| TM1 Terra Metals | AU$0.40 | 12.9% +AU$35.6m | 1,097.0% | PB41.6x | |
| SLS Solstice Minerals | AU$0.76 | 65.2% +AU$34.4m | 390.3% | PB4.3x | |
| AQI Alicanto Minerals | AU$2.10 | 9.4% +AU$19.2m | 400.0% | PS7254.8x | |
| HRN Horizon Gold | AU$0.94 | 9.9% +AU$14.4m | 85.3% | PB4.8x |